Wednesday, December 31, 2014

Why Big Blue Is Still A Big Bruise (Forbes)

Lead paragraph from a stark IBM reality check

"“IBM is now hours away from Dow infamy,” said Andrew Ross Sorkin on NBC Squawk Box this morning. “IBM is on track for the second consecutive year as the very worst performer in the Dow Jones Industrial Index for the second year in a row. That’s the first time that has happened since 1995.” In 2014, IBM lost 15 percent of its market cap. Despite having the largest stock of patents in a booming IT sector, IBM lost even more value than ExxonMobil [XOM] which is having to cope with collapsing oil prices."